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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Garden apartment buildings
7290 Southlake Pkwy Morrow, GA 30260-3077
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0126345
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Total area
260 SF
Lot
33.31 ac (1,450,984 SF)
Zoning code
MXR
APN
12-079A- A-004
UPID
US22-0126345
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Grove on Southlake Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Marquis Apartments Of Atlanta LP · 11 yrs held
Marquis Apartments Of Atlanta LP
since 2015
3 recorded transactions
Zoning & alternative use
MXR · Morrow, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$6,481 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$524,422
Tax year 2024
Assessed value
$772,360
Assessed 2024
Previous assessed
$772,360
+0.0% YoY
Effective rate
67.90%
On assessed value
Assessed land
$772,360
Assessed improvement
$12,670,232
Land market value
$1,930,900
Improvement market value
$31,675,579
Total market value
$33,606,479
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2000
Heating
NONE
Total area
260 SF
Lot
33.31 ac (1,450,984 SF)
Zoning code
MXR
APN
12-079A- A-004
UPID
US22-0126345
Jurisdiction
CLAYTON
Zoning & alternative use
MXR · Morrow, GA
Zoning MXR · permitted uses
MXR · Morrow, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrow. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
33.31 ac
Current owner
From public records · entity-resolved
Marquis Apartments Of Atlanta LP
Entity
Mailing address
1700 WW LOOP S STE #350, HOUSTON, TX 77027-7198
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2015
—
Marquis Apartments Of Atlanta LP
Marquis At Mt Zion-morrow LLC
Quit Claim Deed
related
$13,680,000 · Cbre Cap Markets
Jan 29, 2015
$17,035,000
Marquis Apartments Of Atlanta LP
Marquis At Mt Zion-morrow LLC
Grant Deed
—
—
—
Marquis At Mt Zion Morrow LLC
—
Deed Of Trust
related
$14,350,000 · Cbre Melody & Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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